Post Utme Madonna University 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 29 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

A company is importing goods from a foreign country. The cost of the goods is 10,000, and the company expects to earn a profit of 20% on the sale of the goods. If the exchange rate is 1 USD = 400 NGN, what is the total cost of the goods in Nigerian Naira?

Answer Options

A. ₦4,000,000
Correct Answer B. ₦4,200,000
C. ₦4,400,000
D. ₦4,600,000
Correct Answer
B
Correct Option:
₦4,200,000

About This Question

This is Post Utme Madonna University 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support